Section 59 | Consequential amendments

(1)Repealed^F1

(2)Repealed^F2

(3)In section 140A of TCGA 1992 (transfer of UK trade)—

(a)in subsection (1)(b) for “securities” substitute “ shares or debentures ”, and

(b)in subsection (7) omit the definition of “securities”.

(4)In section 140C of TCGA 1992 (transfer of non-UK trade)—

(a)in subsection (1)(c) for “securities” substitute “ shares or debentures ”, and

(b)in subsection (9) omit the definition of “securities”.

(5)In paragraph 88(1) and (5) of Schedule 29 to FA 2002 (intangible fixed assets: gains and losses: transferred assets: application for clearance) after “85(5),” insert “ 85A(5), 87A(6), ”.

(6)In paragraph 127 of that Schedule (acquired assets to be treated as existing assets) after sub-paragraph (1)(b)(ii) insert—

(iii)section 140E of that Act (transfer on formation of SE by merger),

.

(7)Subsections (3) and (4) shall have effect in relation to an issue effected on or after 1st April 2005.